The Maximum Social Security Benefit–Getting It is Not Easy
For this year, the highest benefit available via Social Security is $4,555 per month ($54,660 annually), but very few folks are able to claim that amount. To understand why that is so, take a look at a post on msn.com by The Motley Fool’s Bram Berkowitz explaining the parameters that go into calculating benefits. In short, the simple answer is that to reach the maximum level, a beneficiary would need to have exceeded the taxable earnings figure in all 35 years used to calculate their base benefit, and then extend their filing to age 70 to take advantage of the delayed retirement credits available to them. For additional detail, check out the Berkowitz post here.